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Jesustheastronaut!
Mar 9, 2014




Lipstick Apathy
Once again goons were wrong about everything that I could be a millionaire right now

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Jesustheastronaut!
Mar 9, 2014




Lipstick Apathy
Goons when bitcoins are $100 each: "what a bubble, if you buy now you're an idiot who deserves what you're about to lose"

Goons when gamestop jumped to $40 a share: "just another pump and dump, you already missed the curve, the only people making money now got in weeks ago"

Goons when Dogecoin jumps 800% in 6 hours after an Elon Musk tweet : " THIS is the way, boys! Time to hop aboard Lmao meme economy straight to the moon. HODL rofl :cheerdoge: :shibewow: "

Jesustheastronaut!
Mar 9, 2014




Lipstick Apathy

Mr Ice Cream Glove posted:

Do you guys have a set ceiling for when you plan to sell? I am completely new to all this

For Dogecoin 0.420
For gamestop 420.0

Jesustheastronaut!
Mar 9, 2014




Lipstick Apathy

spunkshui posted:

https://www.google.com/amp/s/market...21-1-1030020684

“Hedge funds and other institutions shorting GameStop stock were sitting on losses of about $19 billion as of Friday, new data shared exclusively with Insider indicates.

Figures from the data provider Ortex suggested that investors who had bet that the share price would fall had been massively squeezed, with losses topping $10 billion on Wednesday alone, when GameStop soared 135%”

https://v.redd.it/l1pa6yuvdhe61

lol

I don't know poo poo about any of this, but it sounds like in order for this to happen, there had to be at least 12 billion dollars worth of stocks in the wild before all this started? Is that true? Is gamestop even worth that much to begin with? I don't really understand how investors are losing so much money when it seems like gamestop isn't even worth that much to begin with. And if it is, does that mean there are just multiple billions of dollars in stocks tied up in every rundown franchise like red lobster and poo poo like that? How does a single bad investment into a single company crash an entire hedge fund? Did they have all have their entire portfolios in GameStop

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